Bulls testing the 4k threshold
Open Interest - Long: 1.91 Days
Open Interest - Short: 1.87 Days
RSI: Hidden Bullish (1D)
OBV: Flat
VOL: Flat
Price Action: After a volatile explosion of volume saw sharp tests of both the $4000 resistance and the short term trending support; activity reset a little. The current daily has given a strong indication as the week closes out and has even shifted the 1W candle back to teasing green. The RR currently supports the bulls; however without another pullback away from the 4k resistance it is better to wait out the break and retest for any entries.
Key Resistance: 4000, 4200, 4350, 4725 (26w MA)
Key Support: 3939 (28D MA), 3822 (13w MA), 3800, 3650
Open Interest - Short: 1.87 Days
RSI: Hidden Bullish (1D)
OBV: Flat
VOL: Flat
Price Action: After a volatile explosion of volume saw sharp tests of both the $4000 resistance and the short term trending support; activity reset a little. The current daily has given a strong indication as the week closes out and has even shifted the 1W candle back to teasing green. The RR currently supports the bulls; however without another pullback away from the 4k resistance it is better to wait out the break and retest for any entries.
Key Resistance: 4000, 4200, 4350, 4725 (26w MA)
Key Support: 3939 (28D MA), 3822 (13w MA), 3800, 3650
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.